- In the coming weeks, former Vice President Mike Pence is expected to announce the formation of a 501 (c) 4 political committee, according to NBC News.
- By starting a 501 (c) 4 organization, Pence will be able to maintain close relationships with GOP donors that can be useful for a future 2024 run.
- Pence is believed to be considering a possible run in 2024 to replace President Joe Biden after the end of his first term.
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Former Vice President Mike Pence is reportedly making plans to form a political committee, signaling his intention to remain a relevant political player after serving in the Trump administration.
According to NBC News, Pence will announce the change in the coming weeks.
The political committee would be a 501 (c) 4 organization that is allowed to participate in the policy through the purchase of advertisements, for example. These types of organizations are classified as non-profit social welfare organizations, according to the IRS, and should not spend more than 50% of their resources on political endeavors.
The purpose of 501 (c) 4 would be to outline and promote Pence’s “consistent conservative philosophy”, an unnamed source told NBC News.
By starting a 501 (c) 4, Pence will be able to maintain meaningful relationships with GOP donors that can be beneficial for future campaign-related endeavors, reported NBC News.
Pence is believed to be considering a possible run in 2024 to replace President Joe Biden after the end of his first term.
After Biden was sworn in on January 20, Pence and his wife, Karen, were on vacation in St. Croix.
Since then, the two seemed to be surfing the couch in Indiana. As Business Insider Tom LoBianco reported, a Trump consultant said Pence had neither a home nor a job after leaving office.
Before Pence left the White House, tensions were high between ex-vice president and ex-president Donald Trump. Prior to the January 6 Congressional process to certify the results of the 2020 presidential election, Pence faced growing pressure from Trump and Republican Party lawmakers to overturn the results.
“I hope Mike Pence comes by, I have to tell you,” Trump said at a rally in Georgia days before the ceremony.
“Of course, if he doesn’t pass, I won’t like him that much,” added Trump.
Over the four years of Trump’s term as president, Pence has been fiercely loyal to him.
Pence, however, defied Trump’s wishes and said in a statement that he would follow the constitution and not nullify the election results.
The decision created tension between Pence and Trump, which could affect the outcome of a potential run for 2024. With the change, Pence may have lost support from within Trump’s base, Business Insider John Haltiwanger previously reported.